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ECONOMY • FINANCE • MARKETING
InterMediaChina
www.businesstianjin.com
03/2020
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By Michael Hart
ADDRESS
Olympic Tower
No.104, Chengdu Road
Heping District, Tianjin Dear Readers,
和平区成都道126号 The coronavirus has infected nearly 130,000 people, the majority of them in
奥林匹克大厦1楼104 China. It has spread to at least 120 countries and killed almost 5,000 people.
Tel: +86 22 2334 5716 Given China’s huge importance to the global economy, the ripple effect
Opening: 7:00 - 22:00 could be very deep and long-lasting.
China’s own economy has also been a victim of the pandemic. GDP growth
in the first quarter of 2020 could be about 5%, and we cannot rule out the
possibility of its falling below 5% due to the coronavirus spread and the
likely impact on businesses. The coronavirus could cost China's economy $60
billion this quarter, and Beijing was acting fast to avert a bigger hit.
According to the World Health Organization, up to 500,000 individuals
worldwide will die during the typical influenza season each year, and a flu
GANG GANG pandemic occurs when a new strain of the flu emerges. In comparison,
if the coronavirus really does spread as widely as some experts have
Bread & Wine predicted, there are going to be millions of people dying.
冈冈葡萄酒 & 面包店
The Chinese government has, however, made significant efforts, and the
number of cases has been considerably reduced. Hopefully, this will be the
DELIVERY end of the virus episode. In terms of being prepared and improving the
It's Free over 100RMB! www.businesstianjin.com situation, one thing that has been done is that business owners and those
in charge of workplaces have made it easier for people to stay home.
点餐超过100元免配送费！
Delivery can be made everyday At the individual level, prevention means preparing oneself to stay home
when sick or after contact with infected people in order to help prevent
Order one day earlier until 14:00am
transmission to others.
We accept orders by e-mail or Wechat
E-mail: delivery@gangxgang.com You can also adopt proven actions to help yourself, help others and help
Wechat: yushengsensen to stop spreading the virus, the most effective being to wash your hands
more often and practice not touching your face. Yes, this seems mundane,
but often the best advice is precisely that; even if the pharmacy shelves are
entirely empty of N95 respirators, you can probably find boring old soap
that will be more useful.
The most important thing to do is not to panic, because panic is a killer.
Fear is okay. Fear is natural. We’re all afraid, with even the experts admitting
that there is a huge number of things about this outbreak that we just don’t
know yet. Just don’t let the fear control you.
But you’ll probably have to live with it for a while yet. Even though the
problem has mostly been solved in China, we are living in a global economy,
so the impact of COVID-19 could still bounce back to us if we don’t stop the
effects around the world.
Visit our website and
follow us on our official
Wechat account (ID:
business_tianjin) for a
complete list of articles
and information.
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InterMediaChina
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Mary Smith
PUBLISHING DATE
March 2020 Managing Editor | Business Tianjin Magazine
managingeditor@businesstianjin.com
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ISSN 2076-3735
Biz Briefs
Contents March 2020
Tianjin News
Tianjin Bans Eating Wild
Sub-Centre railway station to Binhai
railway station. The first half of this
project will be built as part of the
FEATURE STORY 05 BIZ BRIEFS Beijing–Tangshan intercity railway up
Animals During Epidemic
09 numbers Baodi South railway station where
These Chinese Cities the line branches south along new
Are Bucking Trends 10 ECONOMY trackage to Tianjin. Together with the
In Global Real Estate Market Reducing The Effects of The Coronavirus Beijing-Tangshan intercity railway,
Outbreak this railway forms part of a proposed
The real estate market is one of regional system of four North-South 17th, 2020 until further notice. The
12 FEATURE STORY
the key players in the Chinese lines and four East-West lines that form scope of QR Code scanning operations
economy and accounts for These Chinese Cities Are Bucking Trends
In Global Real Estate Market a network providing fast commuter includes: Tianjin municipal authorities,
30% of the country's total GDP. services across Beijing, Tianjin and enterprises and institutions, airports
15 cover story Tianjin has introduced a ban on the
eating of wild animals as the country is Hebei. Once the network is opened (including waiting areas), stations
Here's a list of the top Chinese Cities in Crisis
f i g h t i n g t h e n ove l c o ro n av i r u s to traffic, commuting will take only 57 (including trains and long-distance
cities outper for ming the 20 INSPIRATIONAL minutes from Beijing to Tianjin Binhai passenger waiting rooms), farmers'
nation’s existing proper ty epidemic. The city now forbids the
Leonardo Del Vecchio eating of wild animals and related New Area, 18 minutes from Baodi markets, large supermarkets, shopping
hotspots. South Station to Beijing Station, and 32 malls, shops, schools, banks, and other
23 TRAVEL products that are under state or city
Guatemala protection, as well as of other wildlife minutes from Baodi to Tianjin Airport. public facilities handling large
See Page 12
protected by previous laws and numbers of people, such as subways,
26 investmenT Tianjin takes all due buses, coaches and taxis.
regulations, according to a decision
Cambricon Technologies approved at a session of the Standing precautions as it gets back
tECH 28 ENTREPRENEURSHIP Committee of the Tianjin People's to work Special Tools to protect Taxi
Your Personal Brand Is As Important As Congress, the city's legislative body. No drivers in Tianjin
Social Media Bots Your Business Brand unit or individual may hunt, sell,
Bots are robots that work 30 IN DEPTH purchase, transport, carry or deliver
with the assistance of the Eradicating Poverty by 2020 wild animals or related products for
internet, which is why the purpose of consumption or
they are known as "Web 32 LEGAL ASSISTANCE trading, the decision states.
Robots." Extraordinary Tax Policies for Novel
Coronavirus Pneumonia Epidemic
Second Beijing–Tianjin
See Page 34
34 TECH intercity railway to begin
Social Media Bots Technology replacing operating in 2022 Tianjin High-tech Area, one of the five In order to prevent and control the
customer care functional areas of Binhai New Area, spread of the epidemic and ensure the
will provide up to 100 million yuan safety of taxi drivers and passengers, a
36 E-BIZ special plastic film has been developed
($14.2 million) to subsidize local
e-Government companies in procuring medical to be installed in taxis in Tianjin. The
38 FOCUS protective materials. To date, a total of taxi drivers can also post the QR code
41.1 million yuan has been issued to on the protective plastic film, thus
Robots of the future
companies, which have been under avoiding face-to-face contact between
40 MARKETING pressure, especially from overseas driver and passenger during fare
The Buying Trends of Customers in 2020 demand, to resume production. As payment.
42 HR part of the 41.1 million yuan, a total of
Challenges and Trends of Employer Brand 5 million yuan’s worth of surgical Finance
The Beijing–Binhai intercity railway masks, liquid soap and cleaning
44 BUSINESS NEWS chemicals have been procured by the
(the Jingbin intercity railway), also Oaktree Capital Sets Up
47 CHAMBER REPORT known as the Second Beijing–Tianjin administrative committee and First Wholly Foreign-Owned
intercity railway, is expected to be delivered to local companies. Bad-Loan Unit in China
50 LISTING
running by the end of September,
LAST WORDS 56 ART & LEISURE 2022. It will be about 182 kilometres Citizens must Scan QR Code to
Cuju long and will connect Beijing with enter public places in Tianjin
Don’t let the fear control you 58 BOOK REVIEW Tianjin's Binhai New Area. It will also be In accordance with relevant laws and
The most important thing to do is not to panic, because panic is a killer. the first intercity railway connecting regulations, Tianjin has implemented
59 LAST WORDS
Fear is okay. Fear is natural. Beijing, Tianjin and Hebei. The Jingbin QR Code scanning operations in public
See Page 59 Don’t let the fear control you
intercity railway will run from Beijing places, effec tive from Februar y
I March 2020 5
Biz Briefs Biz Briefs
Oaktree Capital Management, a Los Costco to open second store Passenger car sales tumble normal operation capability, the CBIRC China has suspended charges for secretary-general of the National
Angeles-based distressed debt on Chinese mainland 92% in first half of February has ended its takeover of Anbang using expressways or other toll roads Development and Reform
manager, became the first foreign Insurance according to law, it said. As across the country as part of its fight Commission, said the agency will step
company to set up a wholly of January 2020, the short-term and against the coronavirus outbreak. up macro policy adjustments to
foreign-owned unit in China under a medium-term financial insurance China's transport ministry says tolls will actively expand domestic demand and
trade accord with the U.S. The move issued by Anbang before it was taken be waived from February 17th until spur consumption recovery.
sets up Oaktree to expand its $6.5 over had been fully paid without any work to control the epidemic ends.
billion footprint in China’s vast overdue or default events, involving 1.5 Premier Li Keqiang said last Friday General Motors launches
bad-debt market as corporate defaults trillion yuan (US$214.29 billion),. This that such steps would encourage the new electric vehicle in China
mount. At the end of 2019, Chinese has helped the group pass the cash resumption of business while helping
banks sat on 2.41 trillion yuan ($345 flow payment peak and protect the contain the coronavirus.
billion) of bad loans, or 1.86% of U.S. retail giant Costco confirmed a Retail sales of passenger cars in China lawful rights and interests of insurance
outstanding loans, government data plan to open a second store be in crumbled 92% on an annual basis in consumers, the regulator said. China waives fees for train
showed. China’s four state-owned Shanghai on the Chinese mainland. the first 16 days of February, according ticket cancellations
asset-management giants resolved The subsidiary of Costco, Pudong to the China Passenger Car Association Plans to sell HNA Group
roughly $70 billion of nonperforming Warehouse Development Limited, (CPCA), as the coronavirus outbreak assets
l o a n s l a s t y e a r, a c c o r d i n g t o together with a Chinese company, slammed the brakes on businesses
PricewaterhouseCoopers. Oaktree obtained a 47,319-square-metre lot in across the country. China’s passenger
Capital completed registration of Shanghai's Pudong New Area for 898 vehicle sales recorded 4,909 units in General Motors (GM) launched the
Oaktree (Beijing) Investment million yuan ($128 million), not far the first 16 days, down from 59,930 Chevrolet Menlo sedan in China. This
Management Co. on February 14, from Shanghai Disney Resort. Costco vehicles in the same period a year is the brand's first fully electric vehicle
according to a statement from Beijing’s opened its first store on the Chinese earlier, data from CPCA showed, the in the world's largest EV market. The
financial regulatory department. With mainland last August in Shanghai's first major figures to demonstrate just sporty-looking hatchback was also
registered capital of $4.55 million, the Minhang district on the west side of how hard the epidemic is hitting the China's railway operator will allow the third EV that GM rolled out in
Beijing-based company will engage in the Huangpu River, and the store has world’s biggest auto market. China’s Hainan government plans to take passengers to cancel their tickets China, following the Buick Velite 6 EV
investment management, consultancy attracted huge crowds of shoppers auto market is likely to see sales over the conglomerate HNA Group nationwide without extra fees. The and Baojun E-series, all produced by
and asset management, according to since the opening. slide more than 10% in the first half and sell off its airline assets, as the measure will be implemented as from joint-venture partnerships in China.
public information. of the year due to the coronavirus coronavirus outbreak has hit the February 6th as part of the effort to According to GM, the Chevrolet Menlo
Geely & Volvo to merge epidemic, and around 5% for the Chinese conglomerate’s ability to meet control the novel coronavirus will initially be offered in Beijing,
MasterCard Wins Approval business whole year, provided the epidemic financial obligations. HNA directly (2019-nCoV) outbreak, said China State available in four variants priced from
to Join China’s $27 Trillion is effectively contained before April, controls or holds stakes in a number Railway Group Co., Ltd. Under the 159,900 yuan to 179,900 yuan (about
Market the country’s top auto industry body, of local carriers, including its flagship p o l i c y, p a s s e n g e r s w h o h ave $22,800 to $25,700) after national
the China Association of Automobile Hainan Airlines. HNA Group was once previously purchased train tickets at subsidies for new energy vehicles.
Manufacturers (CAAM), told Reuters one of China’s most aggressive deal railway stations, online railway
last week. making firms, spending $50 billion
to build an empire, investing from
ticket-booking platform 12306 or other
channels may cancel their tickets and
General
Chinese regulator ends Deutsche Bank to Hilton Worldwide. get refunds for free. Coronavirus may turn into a
two-year takeover of It began unwinding those bets two chronic disease
Anbang Insurance years ago to shift the focus to its core More tax cuts to aid virus-hit
China's Geely Auto and Swedish brand airlines and tourism businesses, after small, medium businesses
MasterCard Inc. won approval to set up Volvo Cars are considering combining drawing scrutiny from Beijing and
a bank card clearing business in China, their businesses into a strong global other overseas regulators.
gaining access to a $27 trillion company, with listings in Hong Kong
payments market as part of the nation’s and Stockholm. The Zhejiang Geely Law & Policy
financial opening. The announcement Holding group, the parent company of
by the People’s Bank of China signals Geely Auto, acquired Volvo from Ford Toll road fees waived until
that the country is moving ahead with in 2010. Geely Auto and Volvo said epidemic control work is done
the speedier opening of its financial they will create a joint working group
system that was agreed on as part of to prepare a proposal to present to The Chinese insurance regulator China's top economic planner said it It is possible that like influenza, the
the phase one trade deal with the U.S., their respective boards, but did not ended its two-year takeover of Anbang will release more targeted tax and fee novel coronavirus disease (COVID-19)
even as it grapples with a virus give a schedule. However, they said Insurance Group, the China Banking cuts to aid micro, small and may continue to exist for a long time,
outbreak. MasterCard and its partner, the brands of the two companies, and Insurance Regulatory Commission medium-sized businesses and tide said a Chinese respiratory specialist. In
NetsUnion Clearing Corp. will need to including Volvo, Geely, Lynk & Co and said. As the newly established Dajia them over difficulties as they were 2003, SARS disappeared as quickly as it
complete preparation work within a Polestar, will keep their identities after Insurance Group which was split from among the hardest hit by the novel had emerged. Will COVID-19 be any
year, the central bank said. the merger. Anbang has coronavirus outbreak. Cong Liang, different? In an interview, Wang Chen,
6 March 2020 I I March 2020 7
Biz Briefs Numbers
vice president of the Chinese Academy
of Engineering, said that since SARS
has strong transmissibilit y and
pathogenicity, it is hard for the virus to
survive and continue to spread among
China in the World
5.1-magnitude quake hits
country has also stepped up efforts to
develop new products for detecting
the virus with higher sensitivity and
more convenience.
2%
Evidence suggests that only about 2
72% 3.8%
The National Health Institute of Italy said The average case fatality rate of COVID-19
Chengdu percent of patients will die after being the average age of those who have died is 3.8% in China, but a lot of that is driven
people. If the virus kills the host, it also Medical staff offered free infected by COVID-19. As in the case from the COVID-19 was 81, with the by the early epidemic in Wuhan where
perishes. However, it is possible that admission of other viral illness, the unfortunate majority suffering from underlying health numbers were higher. If you look outside
COVID-19 may turn into a long-term victims are mostly elderly people with problems. An estimated 72% of all those of Hubei province, the case fatality rate is
As the novel coronavirus pneumonia just under 1%.
existing illnesses. who have died were men.
disease, as is the case with influenza, outbreak shows signs of slowing in
said Wang. China, some provinces and regions
have been resuming their tourism
Consumer Inflation Hits businesses. More than 1,000 Chinese
Over Eight-Year High During scenic areas that have resumed
Coronavirus Outbreak operations recently have started
No casualties have been reported after offer ing free entr y ser vices for
a 5.1-magnitude earthquake jolted the medical workers. Chinese tourism
98 20
Qingbaijiang District of Chengdu in and travel website, Ctrip, published
100.000
southwest China's Sichuan Province. a list showing at least 1,067 scenic
The quake lasted for more than 10 sites in 195 cities that are offering
seconds. Strong tremors were also felt free admission for medical workers,
in urban areas of Chengdu. According including natural scenery areas, theme
to the China Earthquake Networks
Centre (CENC), the epicentre was
monitored at 30.74 degrees north
parks, exhibition halls, cruise ships
and historical sites. Ctrip's statistics
show that Anhui, Jiangsu, the Guangxi
A 98-year-old patient recovered and was
discharged from Leishenshan Hospital in
seconds
Wash your hands often with soap and water
The number of cases from the new
coronavirus has topped 100,000 worldwide,
latitude and 104.46 degrees east Zhuang autonomous region, Zhejiang, Wuhan, China, on March 1, 2020. for at least 20 seconds, especially after going and official Chinese data showed a
Shandong, Sichuan, Guangdong, to the bathroom, before eating, and after significant hit to the country's exports after
longitude, with a depth of 21 km. blowing your nose, coughing, or sneezing. the outbreak caused massive disruptions to
Tianjin, Shaanxi and Yunnan offer the
business operations and economic activity.
Clinical trials on virus most free entries to scenic spots for
vaccine candidate to start in medical workers.
Rising food prices helped to fuel a 5.4% late April
year-on-year jump in consumer prices
in January, 0.9 percentage points
higher than the previous month and
the highest since October 2011, as
20 11 12.000
China’s economy began to feel the
pain of the novel coronavirus outbreak.
The consumer price index (CPI) growth
beat the median estimate of a 4.9%
rise. Pork prices remained the major
driver of inflation as they rose 116%
People can spread the virus without A British businessman attended a sales The flu causes more than 12,000 deaths a
year-on-year in January, contributing Clinical trials on the fastest vaccine showing symptoms. A 20-year-old woman conference in Singapore, stopped off at year in the USA alone. An annual vaccine
nearly 2.7 percentage points to the CPI candidate targeting the novel from Wuhan infected five members of her a French ski resort to see some friends, is the most effective way to prevent flu,
increase. Fresh vegetable prices rose coronavirus are expected to begin in family but never had symptoms herself. then headed back to the UK. Little did he but there are other strategies to prevent
by 17.1%, contributing around 0.5 And another woman infected a co-worker know he was spreading coronavirus the it. So far, there's no vaccine against the
late April, according to Xu Nanping, at a meeting, despite feeling nothing but a
percentage points of the increase. The whole way. By the time he realized he was new coronavirus, but some of the same
Vice -Minister for Science and little fatigue. infected, he’d tagged 11 other Britons. And strategies employed to prevent flu can also
two items together contributed over Technology. China has adopted he still didn’t feel sick himself. No one is protect against the coronavirus.
3.2 percentage points. The price hikes multiple technological approaches at exactly sure what makes a super-spreader.
were mainly caused by the Lunar New the same time to fast-track the
Year holidays and the coronavirus development of a vaccine for the new
outbreak, according to a statement virus, he said, adding that the vaccine
(link in Chinese) by China’s National development in China is at a similar
Bureau of Statistics. A favourable base stage to that of international efforts. Xu
effect was also a factor, the statement Nanping also said that on the basis of
said, and contributed 4 percentage the nucleic test k it used at the
points of the CPI increase. beginning of the epidemic, the
8 March 2020 I I March 2020 9
Economy Economy
REDUCING
Trade data for January 2020 were not a protracted trade war with the US Trump
released in early February as they were administration during 2019. 降低新冠病毒爆发
supposed to be. This is because China 的影响
decided to combine January data with GDP growth in the first quarter of 2020
February data, perhaps to avoid a backlash could be about 5%, and we cannot rule out
THE EFFECTS
新冠肺炎的感染者绝大部分在中
due to the potentially weak numbers. the possibility of its falling below 5% due 国。中国多种消费行业遭遇严重需
to the coronavirus spread and the likely 求疲软。鉴于中国非凡的经济增长
并取代美国称为全球贸易支点，对
The performance of the impact on businesses and government.
全球经济的产生着重要的影响，新
industrial sector 冠病毒流行的连锁反应会非常深刻
OF THE
In January 2020, the Producer Price Index “ The government will implement 和持久。
(PPI) for manufactured goods remained restrictions on travel and shipments, which
the same on a monthly basis but rose will cause disruptions to business activity,” 2019 年受到贸易战的影响，中国
said a research analyst. “If the outbreak 经济增长创 30 年来新低。中美之
by 0.1 percent on a year-on-year basis. 间的贸易战实际可能帮助中国经济
The index seems to be recovering on an becomes an epidemic, rising expenditure
CORONAVIRUS
拜托不可持续的高速增长。人们期
annual basis. The purchasing price index on healthcare for local governments will 待2020年会是中国经济的恢复期。
for manufactured goods decreased by 0.3 limit room for spending in other areas,” the 然而新冠病毒蔓延给中国企业和政
percent year-on-year, although it increased analyst added. 府带来巨大影响，在第一季度给中
国经济造成巨大损失。如果中国不
by 0.2 on a monthly basis.
The coronavirus could cost China's 能遏制病毒传播，可能会对其经济
OUTBREAK
造成结构性损害，并有可能引发全
economy $60 billion this quarter. Beijing
Consumer goods 球经济紧缩。这些都取决于病毒爆
will have to act fast to avert a bigger hit. 发在何时能够得到有效控制。
The Purchaser Price Index for consumer
goods remained unchanged on a monthly
basis, whereas it showed a growth of 1.3
The overall impact on the
percent on an year-on-year basis. global economy
By Morgan Brady
A researcher at a major investment bank
In the purchaser price index for predicted that the impact of the virus
consumer goods, the year- on-year outbreak on the world economy could
The coronavirus has infected nearly supplanting the US as the fulcrum the government has been rolling out range from almost no change to the current
purchaser price indices for agricultural
130,000 people, the majority of them of global trade. Beijing is the largest measures over the past two years in an global growth forecast of 3.3% for 2020 to
and sideline products, building materials
in China. It has spread to over 120 trader of merchandise in the world and attempt to boost growth. a growth of about 3%. Others are warning
and non-metallic, and ferrous metal
countries/regions and killed almost is fast catching the US in commercial that if the virus continues to spread and
materials increased by 7%, 2.9% and 1.6%
5,000 people wor ldwide. Given services following an 18% growth spurt Softening domestic demand and US Chinese activity remains deeply disrupted
respectively. The purchaser price index of
China’s huge importance to the global in 2018. China is central to a diverse tariffs have eaten into growth, but for months, a contraction of the global
chemical raw materials, non-ferrous metal
economy, the ripple effect could be range of global supply chains. Much some analysts argue that the trade economy is not impossible, particularly as
materials and wires, and fuel and power,
very deep and long-lasting. of the world’s raw materials travel war may actually have helped the central banks have little effective monetary
decreased by 6.1, 0.7 and 0.2 percent
to China before being turned into a Chinese economy, since the 6.1% GDP ammunition for emergencies. In essence, it
respectively.
Multiple consumer sectors have manufactured product. Last year’s figure for 2019 is not only within the all depends on how long this issue persists
suffered significant demand weakness, battle with the US over import tariffs government's target range, but Chinese before being resolved.
Virus slows China's economy
most notably the smartphone and on billions of dollars' worth of goods policy makers have for years been
Most industries in China shut down around
the automotive sectors where a 2020 illustrated the power of the Chinese trying to gradually reduce expectations. Conclusion
the lunar New Year, and tens of millions of
rebound is now unlikely. However, economy to disrupt and disturb the They're trying to break away from China's growth rate could drop 2 points
people remained locked down in dozens
many service sectors are still thriving. global outlook. the years of unsustainable breakneck this quarter because of the outbreak which
of cities across the country. Wuhan, the
growth which has trashed the natural has brought large parts of the country to a
center of the outbreak, is a magnet for
Why is China so important China's economic growth environment and led to an explosion in
foreign firms and an important cog in the standstill. This translates into $62 billion in
to the global economy? unserviceable debt. lost growth.
hits 30-year low automotive industry. Weeks of standstill
The impact of the virus is temporary China’s economy, the world's second affected the economic output, and the
at best if we consider the previous Exports and Imports in authorities are redoubling efforts to shore If China fails to contain the spread of the
largest, expanded by only 6.1% in 2019 in
momentum behind China’s growth. China up the economy, making borrowing virus, it could expect structural damage
relation to the year before, representing
China’s extraordinary economic surge According to Reuters, China's cheaper for businesses and consumers and to its economy, with a spillover impact on
the worst figure in 29 years.
over the past 40 years has resulted in it yuan-denominated exports in slashing tariffs on US imports. other economies. This is why China needs to
becoming the world’s second biggest December rose 9% from a year earlier, boost spending, cut taxes, and slash interest
The trade war may rates to prevent the coronavirus outbreak
economy, with a GDP of $13.6tn while imports rose 17.7%. That left According to Beijing’s official statistics
(compared with $20.5tn for the US). actually have helped the China with a trade surplus of 330 billion agency, China’s economy grew by 6% last wreaking more havoc than it already has. The
This reflects an annual growth of 7% Chinese economy yuan in December. China's total trade year, the lowest rate for almost 30 years government is making significant efforts and
and more, way beyond the capacity of The country has faced weak domestic in yuan terms with the United States and a big drop from the 10.2% achieved in the number of cases seems to be declining. Visit us online:
developed economies. demand and suffered the impact of dropped 10.7% from a year earlier over 2010. There were hopes that 2020 would Hopefully, this will be the beginning of the btianjin.cn/200301
China reached this position by the bitter trade war with the US, and the full year. prove to be a period of recovery following end of the virus episode.
10 March 2020 I I March 2020 11
Feature story Feature story
These Chinese Cities Are Bucking Trends in the Tianjin
Along with Beijing, Shanghai and Chongqing, Tianjin is one
Global Residential
of China's four municipalities. This status makes Tianjin equal
in status to a province in China. With a population of 16
million people, Tianjin surprised the country by joining the
nationwide race to attract skilled workers by relaxing the
rigid household registration system. This move redefined
Property Market
China’s future social and economic backdrop. The average
apartment price in the centre of Tianjin is 49,000 yuan per
square metre, and a suburb apartment is going to cost
22,428 yuan per square metre.
of the most popular destinations in China for both domestic
property investors and foreign companies. In April 2019,
almost 2,000 homebuyers queued up for a chance to snap
up one of the 538 apartments on offer at a condominium
near the Suzhou Industrial Park, a manufacturing zone that
has attracted a swathe of international companies.
Nanjing
Chongqing
The growing metropolis of Chongqing is the 4th largest
directly controlled municipality in China after Beijing,
Shanghai and Tianjin. Situated near the magnificent Yangtze
Three Gorges Dam, the area is replete with an abundance
of natural resources like lush green forests, minerals, water
reserves and thriving species of flora and fauna. For this
reason, Chongqing attracts not only visitors interested in
sightseeing and shopping, but also those interested in its
flourishing residential real estate. The city recorded sales
of 31.23 million square metres of new homes in 2018.
Chongqing is the largest market in China in terms of area of
By Austin Chang residential apartments sold. This is indicative of the overall
The real estate market is one of the key players in
Foshan real estate market in the country that indicates that coastal
the Chinese economy and accounts for 30% of the Among the 11 cities tracked in the Greater Bay Area, the cities are generally moving ahead of the national cycle.
country's total GDP. And the Chinese residential real industrial city of Foshan, located right next to Guangzhou,
estate market is certainly one of the cornerstones of the has experienced the biggest gain in residential real estate
country’s economy. Despite grappling with the current in the past few months. Residential prices in Foshan have
economic slump, the Chinese housing segment has jumped 35% since July 2017, bringing it to rank No 1. With
been, and still is, showing immense growth. However, at the introduction of infrastructural developments like the
its weakest pace, the world's second-largest economy Hong Kong-Zhuhai-Macau Bridge and high-speed rail links, Nanjing, capital of Jiangsu Province, is the historical and
is performing remarkably well in boosting its housing smaller cities in the bay area are now more connected cultural nucleus of China. The city is often overlooked by
sector from a global perspective. and have become attractive destinations for property institutional investors in favour of Suzhou. However, the
investment. opening of the high-speed railway connecting the city to
Although Shanghai remains the most attractive real Shanghai and Beijing has made it very accessible and has
estate investment destination in the Chinese mainland highlighted new opportunities to investors, thus making it a
Suzhou
and a gateway city for international investors, smaller lucrative destination for real estate investment. The average
cities are also scoring well in the global residential The property craze is in full swing in Suzhou, a city with housing price in the city centre area is 45,625 yuan per
investment and development prospects. Here's a list a population of around 11 million. The city is a major square metre, and in the outskirts, the average cost of an
of the top Chinese cities outperforming the nation’s economic centre and focal point of trade and commerce in apartment would be 26,888 yuan per square metre.
existing property hotspots. eastern China’s Jiangsu Province and has now become one
12 March 2020 I I March 2020 13
Feature story Cover Story
Cities in Crisis
Xi’an
Although it is a tier-one city and the provincial capital of Shaanxi,
Xi’an doesn't fit the typical description of a property hotspot in
China. Home to the Old Silk Route and the Terracotta Warriors,
Xi’an is closer to remote Inner Mongolia than it is to Beijing and
the prosperous eastern coast. Yet this is currently China’s property
powerhouse. According to China’s National Bureau of Statistics,
during the second quarter, Xi’an’s residential market recorded
higher price gains each month than any other major city in China. In the science fiction classic “Foundation” by Isaac In the first few weeks of February 2020, as the risks of the
Xi’an’s residential unit prices rose 25.2% year-on-year in February Asimov, Trantor, a planet completely dedicated to the COVID-19 virus became more apparent, Chinese cities
2019, the highest rate among all mid-to large-size cities surveyed. administration of its empire, falls prey to a blockade were largely shut down. Citizens started to check the
The local monthly average new-home price recorded in the middle which brings to a standstill the logistical system that level of food stocks at home, made quick visits to their
of last year was 4,291 yuan per square metre. keeps it fed and supplied. It’s an extreme example of local grocery stores whose shelves started to look a bit
what can happen if a city, or planet in this case, becomes bare, and waited nervously as they started to sense how
so specialized that it is completely reliant on its logistics reliant they were on distribution networks most had
systems to deliver needed supplies. An actual case never thought much about.
occurred in Paris in the 1870s when the city was under
siege by the Germans. The city was cut off from France’s
全球住宅房地产市场中 agricultural lands, and a city reliant on fresh vegetables
逆势发展的中国城市 and produce thus suffered greatly during the blockade.
They even ate the animals in their zoo.
中国的住宅房地产市场无疑是经济的基石之一。尽管处在
当前的经济衰退浪潮中，中国的住宅房地产市场仍然显
示出巨大的增长。上海仍然是内地房地产投资最具吸引
力的目标，但较小的城市也取得了不错的成绩。详情如下：
佛山
By Michael Hart
紧邻广州的工业城市，在过去几个月经历了住宅房地产
市场的最大涨幅。自 2017 年 7 月以来，佛山的住宅价格
上涨了 35％，位居第一。
苏州
江苏省的主要贸易经济中心，人口约 1100 万，现已成为
国内房地产投资者和外国公司在中国最受欢迎的目的地
之一。 苏州工业园区吸引了众多国际公司。
Dali City
南京
For the past two decades, the walled city of Dali in southwestern 江苏省省会，重要的历史文化中心。连接上海和北京的
Yunnan province with its picturesque burg, a temperate climate 高铁途经南京，使其交通十分便利，从而促使其成为房
and auspicious feng-shui has been a hotspot for Chinese urbanites 地产投资回报丰厚的目的地。
and Western travellers looking to escape China's industrial grind.
Now it is also attracting real estate developers. Dali annual price 天津
中国的四大直辖市之一。天津有 1600 万人口，通过放宽
jumps 22.9% in June 2019.
户籍制度，加速了天津争夺人才的步伐。
重庆
不断发展的大都市重庆，毗邻长江三峡大坝，拥有丰富
的自然资源，这不仅吸引了大量游客，也推动了其住宅
房地产市场的繁荣。
西安
古老的丝绸之路的起点，也是秦始皇兵马俑的所在地，
根据中国国家统计局的数据，在第二季度，西安的住宅
市场每月的价格涨幅均高于任何其他主要城市。西安的
住宅价格在 2019 年 2 月同比上涨 25.2％，是所有受访
大中城市中最高的。
大理
大理气候温和，风景如画，一直是都市人旅游向往的热
点城市，现在它也吸引了大量房地产开发商。大理的住
宅房地产年度价格在 2019 年 6 月上涨了 22.9％。
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14 March 2020 I I March 2020 15
Cover Story Cover Story
Technological
developments will
mean remote work
can also keep people
connected to vibrant
economies
Economic Engines to supermarkets, the hospitals didn’t close, government officials, but also company management have a
the garbage continued to be picked up, and much clearer view of their own supply chains, their choke points
Economist and urban planners have been the buses and subways continued to run, and their priorities.
touting the urbanization of China as one of its even if on reduced schedules. The police and
main economic drivers for the past 30 years firemen still reported for duty as most of the Virtual Cities
and probably for the next 30 too. Vegetable rest of us sat at home and used technology to
plots and farmland directly adjacent to cities For years there have been people calling themselves
inform and entertain us. This wasn’t accidental;
have been replaced as more dense and digital nomads traveling the globe while still holding
government officials had prioritized services
higher value buildings are constructed and relatively consistent employment, often as freelance writers,
so that while most of the services in the cities
outlying villages are subsumed into urban photographers or computer programmers. During this most
could be shut down to contain the virus, some
conglomerations. Urbanization brings jobs recent crisis, a larger number of us also discovered we could still
things, especially food, needed to continue to
to people with a wide range of skill sets from do our jobs regardless of where we were. Countless meetings
flow.
CEOs and managers to secretaries and clerks, were held with participants at locations spread around the globe.
Cities have as well as to cooks and cleaners. Villages have
a hard time supporting artists and musicians,
As the threat of the virus started to pass, the
Students dialled into virtual classrooms and communicated
with classmates in different time zones. We learned that in some
been and but in big cities, if they can achieve success,
government was faced with the challenge
of getting the economy moving again. At
ways, although cities have brought us great synergy, technology
sometimes makes those gains a little less important. This is
they might find themselves in concert halls
will continue and art galleries and paid handsomely for their
this stage, it became apparent just how
interlinked things were. Big manufacturing
unlikely to be the end of cities, but it is likely to make many
individuals and companies consider how much of the status quo
to be a major skills. The trade-off is that the agriculture that
supports these urban centres becomes more
facilities could restart, but soon, their smaller
suppliers would need to open up as well. More
is, in fact, fixed.
economic specialized, located further away, and reliant on
a complex logistical system.
workers being spread across the community
means that supermarkets will be inadequate Cities innovate
driver of The Basics
and restaurants across the city will need to
start re-opening. With even more people Problems often cause cities to innovate. The dangers of raw
China’s The virus and the shutdown of cities has out and about, drugstores and coffee shops
need to start reopening, and eventually we
sewage helped drive the development of London’s famous
sewers systems just as its crowded streets allowed for the
economy
caused the government to inventory and
can get back to normal. At this point not only development of its dense tube network. Singapore’s dense
prioritize services. The food didn’t stop flowing
island location has encouraged it to build up large reserves of
16 March 2020 I I March 2020 17
Cover Story
rice and other commodities, as well will mean that remote work can
as build a fresh water reservoir right also keep people connected to
in plain sight that expanded the vibrant economies even if they
waterfront in the heart of its CBD. aren’t physically in the cities, but
Los Angeles and Beijing both already
rely on water transported in huge
systems that bring water over long
those people will not be able to take
advantage of the full spectrum of
benefits that cities offer.
Do they really
distances to otherwise arid locations.
Chinese cities will also change as Companies around the world want to maintain
such a large
a result of pressures, maybe even which were severely impacted by
directly, from this COVID-19 virus. the events in China in early 2020
China quickly enacted a number of will hasten to diversify their supply
office when
people-tracking phone apps to try chains and manufacturing.
and reduce the further spread of They may also be more
the disease, although due to privacy welcoming of remote
concerns many hope they will be
short-lived. I expect that food depots
and warehouses will get a fresh look,
employees and
may question
their real
workers could
and a review of food and energy
delivery systems will take place at
estate costs;
do they function for
weeks without
city level. really want to
maintain such a
Conclusion large office when
actually using it?
workers could
Cities have been and will continue function for weeks
to be a major economic driver of without actually
China’s economy. In fact, as China’s using it? So, while
rising wages increasingly push the COVID-19 virus has
low-wage manufacturing to other served to refocus our
countries, cities will only become attention on the priorities,
more vital to the economy. And i t h a s a l s o c re a te d a
for cities to work, a whole host of challenge for China.
people and services are necessary. Previous health crises and
We c a n d r a w b a c k t o a v e r y environmental challenges
minimum level of operations during have pushed cities to
a crisis, but once a few firms start improve and innovate; this
to operate, our highly connected one will be no exception.
economy will need most people to
go back to work in a short span of
time. Technological developments
城市危机
在过去 30 年，经济学家及城市规划这一
在这场病毒带来的危机中，人们仍然可以
直在吹嘘中国的城市化是主要的经济驱动
通过虚拟社区来完成学业和工作。虚拟城
力之一。在 2020 年初，随着新冠病毒的
市为我们带来了巨大的协同效应，技术的
风险逐渐增加，中国的大量城市都陷入封
发展使得远程工作也可以让人们与充满活
闭。人们开始前所未有的依赖销售网络。
力的经济保持联系。健康危机和环境挑战
病毒的流行和城市的封闭导致政府开始确
往往还会促使城市进行创新。中国的城市
定所提供服务的优先顺序，在封锁城市中
也将发生许多直接的变化。世界各地的公
大部分服务业的同时，让食品生产等继续
司也将加快供应链和制造的多元化。
流通。随着病毒的威胁逐渐缓解，政府需
要让经济重新开始运转。
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18 March 2020 I I March 2020 19Inspirational
Inspiration Inspirational
Early life in the
orphanage
Th e b oy w a s o n e o f t h o s e fe w
children who had the unfortunate life
experience of living in an orphanage
due to the pressure of circumstances.
When this child was seven, due to
the untimely death of his father, his
mother became a single parent with
six children. She was helpless, and had
to leave him at the orphanage as she
could not look after him. She had been
doing household jobs here and there,
but it was never sufficient to make ends
meet.
That was his last memor y of his
mother, but instead of losing all hope
and becoming miserable, he took life
as a challenge, and decided to learn
By Nikita Jaeger as much as he could. Beginning as
young as legally permissible, he started
This great businessman who had
working at a dye-making factory. At this
continuously faced hardship in early
tender age, he would do all the jobs
life had the fire in his belly to become
a successful entrepreneur, and today that he could get as he dreamed of
he is the second wealthiest man becoming a successful man.
in Italy. Although, like any other he was not satisfied with the idea of his brand name, still being marketed
individual, he has a desire to be He aimed to be financially independent serving under someone else for his under another name. A turning point
independent, he is very different so that he would never have to rely entire life. The desire to become a in his life came when he realized it
when it comes to doing hard work on anyone else for survival. During his successful entrepreneur was in every was the right moment to strike with
and making the most of it. work, he lost a part of his index finger, breath. He did not want to work at the his entrepreneurial skills. At the age of
which could have been a setback in 26, he started Luxottica, which soon
command of others; instead, he wished
This businessman has set an example his journey towards accomplishing his
to have something under his own became the largest manufacturer of
for the world, demonstrating that you dreams. But instead, he became very
control. prescription glasses and sunglasses.
can be honest and still make money. determined and excelled at whatever
he did. This young lad was a quick
From The
Brought up in an orphanage, he had At the age of 23, he wanted to do Genuine works and
seen many hardships even before learner; he would grab whatever
knowledge he could so as to do better
something out of the ordinary and offer sincere efforts
being brought there. Being given customized glasses for his customers, so
up by a parent is not a blessing, and the next time. At a very young age, his fame as an
he opened a shop of his own to make
the little boy could have easily been glasses that would be customized, not entrepreneur started to spread beyond
heart-broken, but he became one of Beginning of his career what he could have imagined. Having
just the same for all types of people.
the most successful entrepreneurs in At the ver y young age of 15, he But being in a small town, he could not gone through so many hardships as a
the world. studies art at night school. This young achieve the success he dreamed of in child, he was not going to miss a single
Orphanage
fellow took it as a challenge, and the industry. moment in his success. One incredible
out-performed himself each time. He thing about this young man was that
learned eye-glass design, which later he never ventured onto the wrong
Beginning of Luxottica
opened a world of opportunities for path; all he did was good and genuine
him. Soon he was working at a shop So, he started giving samples to brand work.
to make prescription glasses. With his companies who were the leaders in
tremendous learning spirit, he mastered the industry. His idea appealed to His efforts paid off and he soon became
the skill very fast. Giorgio Armani, and this marked his the manufacturer for best-selling
beginning in making branded glasses brands such as Ralph Lauren, Prada,
The desire to learn the intricacies of his for celebrities. The celebrities loved Chanel, Versace, Tiffany, Sergio Tacchini,
art paid off, and he moved to Venice the design, and his popularity grew. Versus, Chap, Polo, and Anne Klein. He
for another job in the same field. There However, he was still not satisfied as also started a range of his own brands,
he excelled in the profession. However, the glasses he made did not bear the famous Lens Crafters, Ray-Ban,
20 March 2020 I I March 2020 21Inspirational Travel
从孤儿院开始
这位伟大的商人从小在孤儿院长大，却成为世界
上最成功的企业家之一，其向世界证明了诚实守
信同样可以盈利。
早期孤儿院的生活
七岁时由于父亲去世，他的母亲必须独自抚养六
个孩子。由于难以维持生计，他的母亲不得不将
他送到孤儿院。在很小的年龄他就开始在染料厂
工作，工作期间，他还失去了一部分食指，但他
仍非常努力。
Sunglasses Hut, and Vogue. But He just doesn’t like to be dependent 职业生涯的开始
15 岁他在夜校学习了眼镜设计，这为他打开了无
this rocket-speed growth was not on others.
限的机会，凭借他好学精神，他很快掌握了这项
sufficient for him; he wanted to make 技能。但他并不满足，他非常渴望成为一名成功
his glasses so accessible that almost Age is just a number for Leonardo, 的企业家。23 岁那年他想为客户提供量身定制的
everyone could wear them. whose net worth is 25.8 billion USD; 眼镜，因此他开了自己的商店。
GUATEMALA
he is still very much active in the daily
Luxottica 的开始
After about 56 years, this dream business activities of EssilorLuxottica.
渐渐的他开始向品牌公司提供样品，在 26 岁时他
f i n a l l y m a te r i a l i ze d w h e n h e By taking a 7% stake in Mediobanca, 创立了 Luxottica，该公司很快成为处方眼镜和太
successfully made a deal with Essilor, the Italian Investment Bank, he 阳镜的最大制造商。
a multinational company from reminds the young entrepreneurs
France. It was the chance he had that hard work and sincere efforts 真诚的努力得到回报
公 司 很 快 就 成 为 了 拉 尔 夫· 劳 伦（Ralph
waited for all his life. His dream of always pay dividends on time. He
Lauren），普拉达（Prada）等畅销品牌的制造
seeing millions of people wearing also owns a two percent stake in 商。他还创立了一系列自己的品牌，现在，他在
his glasses was going to come true. UniCredit, a five percent stake in 150 个国家和地区拥有 7800 家商店，在全球拥有
Land of the Mayan Civilization
Now he owns 7,800 shops in 150 Generali, and investments in various 约 80,000 名员工。孤儿院长大的男孩实现了成为
countries. The dream not only came portfolios. 成功企业家的梦想。
true but he did so, on a scale no one
总之
could have imagined for a poor boy Excellent work and sincere efforts 莱昂纳多·德尔·韦基奥意大利第二富豪，他仍没有
to achieve. This businessman has always pay off, and you will get 休息，依旧活跃在他的商业帝国的日常运作中。
around 80,000 employees around the honour and remuneration you 出色的工作和真诚的努力总能带来回报，不是每
By Nikita Jaeger
the world. It is an unbelievable story deserve. Not everyone can build 个人都能从零开始建立一个帝国，但从他身上可 How to reach Guatemala call at Santo Thomas de Castilla, Puerto
that a boy left at an orphanage has an empire from scratch; however, 以学到很多东西。 What makes Guatemala an By Road Quetzal, and Puerto Barrios. Apart from
this, travellers can make use of regular
accomplished his dream to become there is a lot that you can learn attractive tourist destination? Tourists can reach Guatemala by car and
By Nikita Jaeger water taxi services between Puerto
a successful entrepreneur in life. from Leonardo Del Vecchio. Staying
positive in life is the most important
How do you feel about a bus routes from Mexico, El Salvador and
Honduras via the Pan American Highway.
Barrios and Punta Gorda and Livingston.
Conclusion lesson to be taken from him; never
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country which was under civil You can also opt for tourist buses leaving
There are also boat services from
Honduras and Mexico. A famous river
let go of your dream, chase it till the unrest until a peace settlement the Belize House Terminal and arriving in
Leonardo Del Vecchio is a man who
made it big, starting alone and from
end. When you put your heart and
soul together into achieving a goal, Mountain, Lakes and More
was reached in 1996, a Flores or Guatemala City.
trip from Mexico to Guatemala is the
30-minute River Usamacinta trip.
scratch. It was his hard work and his nothing can stop you from reaping country with 37 volcanos, By Air
zeal to learn that made him a pioneer the rewards. 19 different ecosystems, 23 Visas and Other Formalities
in the field of glasses and lenses. But The busiest air terminal in Guatemala is at
Guatemala is party to the Border Control
even being the second wealthiest different languages, and many the La Aurora International Airport. Most
Treaty for Central America (CA-4)
international flights from Central America
man in Italy, he still doesn’t rest. remnants of ancient Mayan fly in to La Aurora International Airport.
signed between Honduras, Nicaragua,
Leonardo is still active in the daily
operations of his business empire.
civilizations and colonial The second-largest airport is in Flores.
El Salvador, and Guatemala, and as per
this agreement, a visitor can travel in
influences? In fact, one main This makes air travel a good option if you
any of the CA-4 countries for up to 90
are planning to visit Guatemala.
reason for visiting Guatemala, days without completing the border
the most populous Central Cruise Ships and Boat services
immigration checkpoints entry and exit
formalities other than at the first entry
American country, is its A sea voyage is an alternative option to point in any of the CA-4 nations.
diversity. reach Guatemala as many cruises ship Passengers who stay for more than
22 March 2020 I I March 2020 23Travel Travel
Lago De Atitlan - The Most
Beautiful Lake
Aldous Huxley described Lake Atitlán as
the world's most beautiful lake. The lake is a
spectacular show of natural splendour, located
in the Guatemalan highlands. The portal to Lake
Atitlán, Panajachel city, is also a gateway to an
old Mayan world and other ancient civilizations.
It is a beautiful area, with lots of tourist
attractions and exploration opportunities.
危地马拉
玛雅文明发源地
Santa Catalina Arch 拥有 37 个火山，19 个不同的生态系
Located on 5th Avenue North in Antigua, the 统，23 种不同的语言以及许多古代玛
Santa Catalina Arch is one of the most significant 雅文明的遗迹，是危地马拉成为旅游
landmarks in Guatemala. Its construction dates unpredictable character, and the Pacific 胜地的主要原因。
90 days will have to pay a penalty for sprawling over 10 acres, is another back to the 17th century, and it was built to currents and tides are unfriendly here; 有趣的地方
overstaying. However, a tourist who major attraction together with the allow the movement of nuns from the Santa however, if you are looking for a warm
wishes to stay beyond the permitted 90 steep pyramid-like temple structures. Catalina convent to the nearby school without water experience, it is an ideal beach for 蒂卡尔 - 使人回到过去
days can apply for a 30-day extension. The plaza is believed to have been their having to venture into the street. The experienced swimmers. 蒂卡尔玛雅时期的著名大都市之一。
developed for conducting dramas, and yellow arch structure stand over the cobbled 这里大多数建筑可以追溯到公元
As in any sovereign state, for traveling to street facing the Volcan de Agua and is the icon 550–900 年。大广场与陡峭的金字塔
other religious performances. The main Volcan Pacaya - Only For the 状庙宇是主要景点。
Guatemala, a passenger needs to have a attraction in Tikal is the tower temples. of Antigua, representing the resilience in its
passport with 6 months validity. Citizens history.
Brave of Heart
圣卡塔利娜拱门
Located near Antigua, Pacaya is a live
of the USA, UK, Canada, Australia, and Antigua the City Surrounded volcano that last erupted on 27 May, 2010.
圣卡塔琳娜拱门位于安提瓜岛北第五
other EU countries do not require a visa
by Volcanoes Yaxha - Another Mayan Historical Site Although trails and hiking opportunities
大道，是危地马拉最重要的地标之一，
to enter Guatemala. All other nationals 它的建造日期可以追溯到 17 世纪。
Antigua is a small town in southern If El Mirador has piqued your interest in are open to the public, this is not a place 拱门坐落在面对阿瓜火山的鹅卵石街
need to get permission in advance archaeological sites, then you'll also need to add 道上。
from the respective embassies in their Guatemala surrounded by volcanoes. for the weak of heart, and you will need
It was founded by the Spanish rulers in Yaxha to your list of places to visit in Guatemala. planning for your next visit. For the brave
countries. A single-entry visa will cost It is smaller than the more prominent Tikal, but 蒙特里科 - 美丽的火山黑沙滩
$25, and a multiple-entry visa and the year 1543 and remained a cultural souls, it is a fun-filled hiking location 蒙特里科拥有美丽的黑沙滩，适合期
and economic hub for more than still houses Guatemala's third-largest Mayan offering the thrilling experience of
business-entry visa will cost $50 per 待休闲的游客。您可以在这里找到便
200 years. A massive earthquake took ruins. Yaxha was the ceremonial centre of the watching a fuming volcano from close up. 宜的住宿，景点还有海龟和凯门鳄孵
head. The validity of the visa will be 90 pre-Colombian Mayan empire. Its indigenous 化中心以及广阔的野生动物保护区。
days, which is extendable before the its toll on the city, and the structures
name translates into “the blue-green water”, an
expiry date. that one can see are the renovated or
apt name because it overlooks a lake.
Conclusion 沃尔坎·帕卡亚（Volcan Pacaya）- 勇
rebuilt dwellings. The free sculpture Generally speaking, the best time to visit 敢的心
park dedicated to Efrain Recinos, Guatemala is from November to April. 帕卡亚是一座活火山，最后一次于
Places of Interest Monterrico - Lovely Volcanic 2010 年 5 月 27 日喷发。对于勇敢的
known as the Guatemalan Picasso, is a As this will be the summer season, the
must-visit place to enjoy contemporary Black Sand Beach 人来说，这是一个充满乐趣的远足地
sky will be clear, and the climate will be
Tikal - Reminiscent of a artworks. Another important structure Guatemala is not a warm destination for beach comfortable for trekking and visiting the
点，提供从近处观看活火山的惊险经
历。
Bygone Era is the Baroque Church at La Merced, lovers; however, Monterrico has beautiful black ancient civilization sites. Surrounded by
Located in the dense forest areas of which welcomes you with cobblestone sand beaches for visitors who love to take a Honduras, Mexico, El Salvador, Belize, 总之
the Tikal National Park, Tikal was one streets, decorated on the sides with break from the hustle and bustle of a busy life. 参观危地马拉的最佳时间是从十一月
the Pacific Ocean, and the Caribbean,
到四月，是这里的夏季，天空晴朗，
of the prominent metropolises of the brightly coloured Spanish structures. You can find inexpensive accommodations Guatemala is home to the most unique 气候宜人，适合徒步旅行和参观古代
Mayan period. It is about 320 kilometres In Antigua, apart from the historical here, which make it an attractive destination for ecosystems in the world. For a great 文明遗址。危地马拉四周环绕着洪都
north of Guatemala City, on the Yucatan significance, you can be part of live foreigners after their busy schedules in Antigua vacation experience, do the homework 拉斯，墨西哥，萨尔瓦多，伯利兹，
Peninsula. Most of the structures one cultural events such as the Semana and Guatemala City. Other majestic attractions in advance and consult with a reputable 太平洋和加勒比海，是世界上最独特
can see here date back to AD 550–900. Santa, a religious festival. are the turtle and caimans hatching centres 的生态系统的所在地。
tour organization to make your trip a
The limestone-paved Grand Plaza, and a vast wildlife reserve. The beach is of an memorable one.
24 March 2020 I I March 2020 25Investment Investment
power-efficient machines, marketed at technologies, and meets their needs.
a lower price, to achieve the decisive
Also, Cambricon unveiled its latest
victory. The program previously had to
generation of 1M terminal processors
be powered by nearly 2,000 CPUs and
that can effectively speed up a variety
300 GPUs, and the electricity bills were
of AI functions embedded in cameras,
as high as US$3,000 a game at the time.
smartphones, security systems, and
cars. It has a peak capacity of 5 trillion
The start- up chip synapses per second and boasts higher
powering China’s AI integration density, making it ideal for
ambitions many devices. Before the release of the
1M, the first deep learning processing
According to a company statement,
chip 1A successfully put into commercial
Cambricon was valued at US$2.5 billion
use was Cambricon’s most profitable
in 2018 after it raised millions of dollars
product. It brought in $15 million in
in a Series B funding round, making
it one of China’s most valuable AI
licensing fees for its Cambricon-1A chip Conclusion
from smartphone manufacturers and The cloud-based Internet of Things and
start-ups.
wearable device makers. AI are two major areas where China's
Cambricon Technologies’ AI chips are
Cambricon
homegrown chips have a good chance
now found everywhere. They have been A Cambrian explosion of competing with global players.
used to power nearly 100 million servers Currently, Cambricon’s task is to make
Last year, the company released a ton
and smartphones, including those by intelligent processors accessible to more
of new products, including three AI
Huawei Technologies and by the Alibaba people and enable the whole world to
processors that can be used in all sorts
Group, which is the parent company of adopt such chips in a variety of scenarios.
Technologies
of applications, from computer vision
the South China Morning Post. Therefore, it is contributing to the rise of
to autonomous driving to natural
Recent tensions between the US and language generation. Cambricon China in those critical domains. The race
China, with the Trump administration also produced a couple of high between rivals is tight, with implications
cutting the supply of chips to many performance machine learning chips for many other industries, and it is
Chinese tech companies, have also for servers, one market in which China generally a worthwhile long-term
fuelled China’s determination to be lags behind despite being home investment opportunity.
independent in AI chip production. to more supercomputers (many of
Cambricon aims to become the which sport Nvidia hardware) than the
“stepping stone” for ubiquitous AI United States. This is not surprising, as 寒武科技
Cambrian Technology was launched also recognized as the outstanding
By Morgan Brady applications in the future. AI Chinese start-ups like Cambricon 能否与知名公司竞争？
Can they
in 2016. Today, it's a leader in the representative of Tesla Enhanced and
have been focused mainly on chips for
global smart chip field and the IBM Watson, China's large number of The past few years have seen an 寒 武 科 技 公 司（Cambrian
mobile and wearable devices.
world's first smart chip company to sub-communication technologies, i n c re a s i n g n u m b e r o f C h i n e s e Technology） 于 2016 年 成 立。 如 今 它
successfully stream and offer mature companies jump into the market 已成为全球智能芯片领域的领导者。公司
and other emerging information 的产品涵盖了各种智能云服务器，终端和
AI chip maker takes aim
compete
products, with two product lines of technologies abroad and at home. to create innovative products for AI, 用于智能机器人的核心芯片。
terminals and server. The company's estimated annual especially since Beijing announced its at the future
2017 plan to make the country a world 推动中国人工智能芯片发展
The company's products cover all revenue is US$1 million. Cambricon's Cambricon Technologies is currently
top competitors are CAVIUM, leader in this technology by 2030. close behind its US competitor, Nvidia, 根据公司的声明，寒武科技在 B 轮融资中
kinds of intelligent cloud servers,
with
Mellanox, NVIDIA, and NXP. which is valued at over US$100 billion 筹集了数百万美元的资金，在 2018 年的
terminals and core processor 估值达到 25 亿美元，使其成为中国最有
chips for intelligent robots, and New chip an intelligent and currently enjoys a strong position 价值的人工智能初创企业之一。中美的紧
the company has established move for Cambricon in the global AI chip market. 张关系加剧了中国决心独立生产人工智能
芯片的决心。寒武科技的目标是成为无处
close cooperation with several The brothers behind
established
Recently, in Shanghai, Cambricon Chen Yunji said that the company 不在的人工智能应用的基石。
leading companies in the Cambricon Technologies unveiled the MLU 100, a aims to improve AI chip computing
寒武科技的新芯片
international intelligence industry. Cambricon Technologies was cloud-based AI chip. This is expected efficiency by 10,000 times, and reduce
The Cambrian 1A processor is founded by brothers Chen Yunji and to increase the unicorn's lead in a chip power consumption 10,000-fold. 寒武科技在上海发布了新的人工智能芯
giants?
the world's first commercial deep niche segment of the capital-intensive Chen Tianshi said that the company 片：MLU 100。它旨在使基于人工智能
Chen Tianshi. In 2016, an artificial 的应用程序更具可扩展性，消耗的功率更
learning dedicated processor for intelligence (AI) program developed chip sector. Cambricon's new chip w o u l d o c c u p y 3 0 % o f C h i n a’s 少，与各种深度学习技术兼容并满足其需
smartphones, security surveillance, by Google made headlines when outper forms traditional general high-performance AI chip market and 要。此外，寒武科技推出了最新一代的
smart driving, wearables, and purpose processors used in image embed one billion devices worldwide 1M 终端处理器，该处理器可以有效地加
it beat the Go world champion in 速嵌入各种人工智能功能。
drones. what has been called humanity’s and speech recognition technologies. with its chips within three years. These
According to Chen Tianshi, it’s designed ambitious efforts have enabled the 总之
The mainstream intelligent most complex game. The brothers’
to make AI-powered applications more company to receive generous financing
algorithm that the company offers mission is to develop computer 基于云的物联网和人工智能是中国本土芯
Visit us online: scalable. It consumes less power, is from investors like Alibaba. 片与全球竞争者竞争的两个主要领域。寒
has a performance-to-power ratio chips tailored for AI applications,
btianjin.cn/200305 compatible with various deep learning 武科技为中国在这些关键领域的崛起做出
that surpasses the CPU and GPU. It is allowing smaller and more 了贡献。
26 March 2020 I I March 2020 27You can also read
